Press Release

Sunteck Realty Limited

Sunteck Realty Announces Q1FY17 Results and reports a nine-fold increase in
Income from Operations to Rs. 525 crores.
Particulars (Rs cr.)
Income from Operations
EBITDA
Net Profit**

Q1 FY17
525
115
60

Q1 FY16*
53
18
14

% change yoy
889%
528%
329%

* re-stated as per IndAS. ** includes other comprehensive income

Particulars (Rs cr.)

Pre-sales (new bookings)
Collections

H1 FY17 YTD
339
276

H1 FY16
232
165

% change yoy
46%
67%

Mumbai, September 14, 2016: Sunteck Realty Limited, Mumbais premier real estate developer
catering to the premium and ultra premium segment today announced its financial results for the
quarter ended June 30, 2016.
Business Highlights during Q1FY17
The revenue recognition has been done applying percentage completion method as prescribed
by the Institute of Chartered Accountants of India under Ind-AS.
Full Occupation Certificate received for Signia Isles,BKC and the project is now habitable.
Collections from Customers YTD showed sturdy growth of 67%.
Launch of new towers in Sunteck City project located at Goregaon (W), Mumbai.
Sunteck City at Goregaon (W) recording more than three-fold jump in pre-sales to Rs. 202
crores in 1HFY17 (YTD) from Rs. 59 crores in 1HFY16.

Financial Highlights - Consolidated

Q1FY17 v/s Q1FY16 (re-stated)
Income from operations stood at Rs.525 crores v/s Rs.53 crores in 1Q16.
Operating profit stood at Rs.115 crores v/s Rs.18 crores in 1Q16.
Net Profit (incl. other comprehensive income) stood at Rs.60 crores v/s Rs.14 crores in 1Q16.
Commenting on the Q1FY17 performance, Mr. Kamal Khetan, Chairman and Managing Director at
Sunteck Realty said:
Multiple policy changes and initiatives like RERA by the government have ensured that the real
estate business is instutionalized. The fundamentals of Indian real estate sector remains strong with
an advantage for reputed brands. This financial year marks adoption of percentage completion
method by Sunteck. The company has started booking profits from our third project in BKC Signia
Pearl this quarter under the new accounting policy. Our operational performance has shown a
remarkable growth with higher sales and collections. With the market sentiments looking positive
for established real estate brands and for projects nearing completion, we look forward to
sustaining this strong performance for the rest of this year.
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Press Release
About Sunteck Realty
Sunteck Realty Limited (SRL) is a Mumbai-based real estate development company, catering to the
ultra-luxury and luxury residential segment. SRL boasts of a city centric d
development
evelopment portfolio of
about 23 million square feet spread across 25 projects at various stages of development and 4
rented assets.

SRL works with renowned brands like Walt Disney, L&T and Talati & Panthaky to name a few to
provide a unique residential experience to its customers.
Flagship projects of the group include 3 residential projects spread across 1.5 million square feet at
the CBD of Mumbai, Bandra Kurla Complex namely Signature Island, Signia Isles and Signia Pearl
which are home to some of the head honchos of top global conglomerates. Other key projects
include 23 acres of mixed-use development in Goregaon (W) in the form of Sunteck City. SRL also
has projects in Andheri, Sion, Airoli (Navi Mumbai) and Borivali amongst other locations in Mumbai;
Jaipur, Nagpur and Goa in India. Listed on BSE and NSE, SRL is backed by respected strategic
partners like Ajay Piramal, Kotak Realty Fund and
and noted pension funds, FIIs and Private Equity.
Being in the real estate industry, it boasts of having one of the strongest balance sheets and high
visibility on cash flows. More information is available on www.sunteckindia.com
Disclaimer
Certain statements in this document may be forward-looking statements. Such forward-looking
statements are subject to certain risks and uncertainties like regulatory changes, local political or
economic developments, technologica
technologicall risks, and many other factors that could cause our actual
results to differ materially from those contemplated by the relevant forward looking statements.
Sunteck Realty Limited will not be in any way responsible for any action taken based on such
statements and undertakes no obligation to publicly update these forward-looking statements to
reflect subsequent events or circumstances.

For further details, please contact:

Investor Relations

Corporate Communications

Sumesh Mishra / Prashant Chaubey / Mohit Soni Kruti Khandelwal

Sunteck Realty Limited

Sunteck Realty Limited

Tel: +91 22 4287 7800

Tel: +91 22 4287 7800

Email: ir@sunteckindia.com

Email: corporaterelations@sunteckindia.com

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